From Nasdaq: 2024-03-28 18:22:00

Chinese ADRs have fallen, but some look poised for a rebound, including internet-commerce leaders like JD.com and PDD Holdings. JD.com’s sales are projected to rise to over $160 billion, while PDD Holdings is forecasted to have sales of $51.89 billion in 2024. Both companies trade at P/E multiples below 20X.

Li Auto is a key player in China’s smart energy vehicle market and has strong growth potential. LI trades at a reasonable 15.7X forward earnings multiple, with EPS expected to soar in FY24 and FY25. The company’s increased profitability and double-digit top-line growth make it an attractive investment option.

Iqiyi, dubbed the Netflix of China, is also a promising investment. IQ trades at a low forward earnings multiple and is expected to see steady top-line growth. Earnings are projected to increase in FY24 and FY25, making it an appealing stock to consider for investment.

Investors are eyeing Chinese equities for opportunities, with some top-rated stocks showing potential for sharp rebounds. Companies like JD.com, PDD Holdings, Li Auto, and Iqiyi offer growth prospects in the Chinese market. With reasonable valuations and strong growth trajectories, these stocks could be valuable additions to investment portfolios.



Read more at Nasdaq: Top Stocks to Buy for a Rebound Among Chinese Equities